Talanx AG

TLX.DE

Insurance - Diversified · Financial Services

Price

€120.80

+1.60 (+1.34%)

Market Cap

€31.19B

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Exceptional

Cash Flow

Weak

Stability

Strong

Valuation

Strong

Dividends

Strong

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Share count rising — dilution

+2.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 252.8M (2021) → 258.2M (2025)

Winston Score History

The full picture

Talanx AG is a large German insurance and financial services company. It sells insurance products — including property, casualty, life, and reinsurance — to individuals, businesses, and other insurance companies. Talanx owns well-known brands like HDI and is the third-largest insurance group in Germany, with a significant global presence through its majority-owned subsidiary Hannover Re, one of the world's largest reinsurance companies.

Talanx makes money by collecting premiums from policyholders and investing those funds, earning returns before paying out claims. The company operates across Europe, Latin America, and other international markets, generating roughly half of its revenue outside Germany. Its competitive position is supported by the scale of Hannover Re and its diversified mix of retail and industrial insurance lines, which helps spread risk. The main challenge Talanx faces is rising claims costs driven by climate-related disasters and inflation, which can squeeze profit margins if premiums do not keep pace with losses.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-5.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

77.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€172.2B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Talanx AG grew revenue 6723% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

35.0%

Modest — 35.0% gross margin

Profit after running costs

Operating Margin

9.8%

Modest — 9.8% operating margin

Return on the money invested

ROCE

21.4%

Exceptional — 21.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+196.0%

Fast-growing sales (+196.0% YoY)

Profit growth

EPS YoY

+15.4%

Earnings growing fast (+15.4% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

Weak — only 0% of profit becomes cash

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.62

Moderate — manageable debt (0.62)

Covers its interest

Interest Cover

27.08x

Comfortably covers interest (27.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

12.0x

Attractive valuation — P/E 12.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+2.0

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend

Dividend Yield

3.01%

Moderate income — 3.01% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+76.0%

Dividend growing fast (76.0% YoY)

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